Have you seen headlines about the increase in foreclosures in today’s housing market? If so, they may make you uneasy about what’s ahead. But remember, these clickbait titles don’t always tell the whole story. If you compare the current numbers with what usually happens in the market, you’ll see there’s no need to worry. Putting the Headlines into Perspective The increase the media is calling Continue Reading
If you’re looking to buy a home, you’ve probably been paying close attention to mortgage rates. Over the last few years, they hit record lows, rose dramatically, and dropped slightly. Ever wonder why? The answer is complicated because a lot can influence mortgage rates. Here are just a few of the most impactful factors at play. Inflation and the Federal Reserve The Federal Continue Reading
Have you ever heard the term “Silver Tsunami” and wondered what it's all about? If so, that might be because there’s been lot of talk about it online recently. Let's dive into what it is and why it won't drastically impact the housing market. What Does Silver Tsunami Mean? A recent article from HousingWire calls it: “. . . a colloquialism referring to aging Americans Continue Reading
Some Highlights Home affordability depends on mortgage rates, home prices, and wages. Mortgage rates are down from their recent peak, home prices are expected to rise slower, and wages are increasing faster than usual. That’s good news if you want to buy a home because affordability is improving. Other educational articles about the Continue Reading
Has sharing a home with loved ones like your grandparents, parents, or other relatives crossed your mind? If so, you’re not alone. More buyers are choosing to go this route and buy a multi-generational home. Here’s a look at some of the top reasons to see if a home like this may be right for you, too. Why Buyers Are Opting for Multi-Generational Living According to the National Continue Reading
If you’re looking to buy a home, the recent downward trend in mortgage rates is good news because it helps with affordability. But there’s another way this benefits you – it may inspire more homeowners to put their houses up for sale. The Mortgage Rate Lock-In Effect Over the past year, one factor limiting your move options is how few homes were on the market. Many homeowners Continue Reading
Even though home prices are rising nationally, some people still worry they might come down. A recent survey from Fannie Mae found that 24% of people think home prices will decline over the next 12 months. That means almost one out of every four people are dealing with that fear, and you might be, too. To help ease that concern, here's what experts forecast will happen with prices Continue Reading
If one of the goals on your list is selling your home and making a move this year, you’re likely juggling a mix of excitement about what’s ahead and feeling a little sentimental about your current home. A great way to balance those emotions and ensure you’re confident in your decision is to keep these three best practices in mind when you’re ready to sell. 1. Price Your Home Continue Reading
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